Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

@Akshay Bhaskaran, off market deals, by nature are not marketed, so as others noted you have to work to find them.  

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

#10)  The birds provide a free, natural alarm clock!

Since you are doing new construction I would suggest making them private enough where guest have minimal interaction with each other.

Naturally, they are your competition and the daily rates need to be taken into account.

I'm just not seeing any strategy that can offset to any significant degree, the depreciating nature of either asset.  

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

It would depend on the nature of the repair.